SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D/A
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(a)
(Amendment No.1)
NOVOSTE CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
67010C100
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(CUSIP Number)
Marc Weingarten, Esq.
SCHULTE, ROTH & ZABEL LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 28, 2002
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|. NOTE. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. SEE Rule 13d-7 for other
parties to whom copies are to be sent.
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1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, SEE the NOTES).
(page 1 of 5 pages)
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CUSIP No. 67010C100 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JANA PARTNERS LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,363,300
OWNED BY
EACH
REPORTING
PERSON WITH --------------------------------------------------------
8 SHARED VOTING POWER
-0-
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9 SOLE DISPOSITIVE POWER
1,363,300
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,363,300
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.34%
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14 TYPE OF REPORTING PERSON*
IA
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SEE INSTRUCTIONS BEFORE FILLING OUT!*
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CUSIP No. 67010C100 13D Page 3 of 5 Pages
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The following constitutes Amendment #1 to the Schedule 13D filed by the
undersigned(the "Schedule 13D").
Item 3. Source and Amount of Funds or Other Consideration.
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The aggregate purchase price of the 1,363,300 Shares of Common Stock owned
beneficially by JANA Partners LLC is $5,493,199. Such Shares of Common Stock
were acquired with investment funds in accounts under management.
Item 5. Interest in Securities of the Issuer.
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(a) The aggregate percentage of Shares of Common Stock reported owned
beneficially by the Reporting Person is based upon 16,346,173 Shares
outstanding, which is the total number of Shares of Common Stock outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2002.
As of the close of business on October 28, 2002, JANA Partners LLC beneficially
owned 1,363,300 Shares of Common Stock, constituting approximately 8.34% of the
Shares outstanding.
(b) The Reporting Person has sole voting and dispositive powers with respect to
the Shares reported herein, which powers are exercised by the Principals. All of
such Shares were acquired in open-market transactions.
(c) Schedule A annexed hereto lists all transactions in the Issuer's Common
Stock in the last sixty days by the Reporting Person.
(d) No person other than the Reporting Person is known to have the right to
receive, or the power to direct the receipt of dividends from, or proceeds from
the sale of, such Shares of the Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
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Other than as described herein, there are no contracts, arrangements or
understandings between the Reporting Person and any other Person, with respect
to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
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None.
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CUSIP No. 67010C100 13D Page 4 of 5 Pages
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: October 28, 2002 JANA PARTNERS LLC
By: /s/ Barry S. Rosenstein
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Barry S. Rosenstein
Managing Partner
By: /s/ Gary Claar
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Gary Claar
Portfolio Manager
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CUSIP No. 67010C100 13D Page 5 of 5 Pages
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SCHEDULE A
Transactions in the Shares During the Past 60 Days
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Shares of Common Stock Price Per Date of
Purchased (Sold) Share($) Purchase (Sale)
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JANA PARTNERS LLC
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4,900 3.59450 09/09/02
95,100 3.88470 09/10/02
500 3.85000 09/11/02
423,000 3.93380 09/12/02
46,500 3.99290 09/18/02
16,200 4.00000 09/19/02
109,300 3.97000 09/20/02
50,000 4.10000 09/25/02
9,200 4.19250 09/26/02
37,200 4.17950 09/30/02
7,000 4.15229 09/30/02
(10,000) 4.57270 10/16/02
3,000 4.09430 10/21/02
50,000 4.02520 10/22/02
25,000 3.95070 10/23/02
4,000 3.99000 10/24/02
32,100 3.94930 10/25/02
157,200 3.81724 10/28/02